Wave Of Subprime Suits Worries Finance Sector

Law360, New York (October 13, 2008, 12:00 AM EDT) -- Financial services and insurance companies are bracing themselves for a wave of litigation related to the subprime mortgage crisis, but they appear to have weathered the storm over options backdating, according to a survey to be released on Tuesday.

As part of its fifth annual litigation trends survey, Fulbright & Jaworski LLP polled 358 in-house counsel in the United States and the United Kingdom on the state of global litigation. The firm found that 12 percent of insurance sector respondents, 11 percent of financial services sector...
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